Operations - Estrella International Energy Services Ltd.
Operations - Estrella International Energy Services Ltd.
Operations - Estrella International Energy Services Ltd.
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Stable Growing Rig Market<br />
• Region has much lower<br />
volatility than other markets<br />
• Exploration and Production<br />
(E&P) operators have > $10<br />
billion in commitments in 2012<br />
on land<br />
• Democratization of block<br />
bidding has facilitated entry of<br />
smaller players.<br />
• Numerous remote and<br />
challenging projects, antiquated<br />
equipment and increasing<br />
customer demands to improve<br />
• Huge resource potential in a<br />
growing economic environment<br />
• Must have a regional footprint<br />
to take advantage of sustained<br />
growth<br />
• Latin American rig market up<br />
100% in 10 years<br />
Rig Count<br />
3500<br />
3000<br />
2500<br />
2000<br />
1500<br />
1000<br />
500<br />
Latin America and World Rig<br />
Count<br />
0<br />
0<br />
1995 1997 1999 2001 2003 2005 2007 2009 2011<br />
3500<br />
3000<br />
2500<br />
2000<br />
1500<br />
1000<br />
500<br />
Ex LatAm<br />
Other<br />
Venezuela*<br />
Peru<br />
Mexico<br />
Ecuador<br />
Colombia<br />
Chile<br />
Brazil<br />
Bolivia<br />
Argentina<br />
Source: Baker Hughes<br />
14
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